MLPA Fund Description

MLPA tracks a market-cap-weighted index of US-listed midstream MLPs, and is structured as a C-corporation.

MLPA Factset Analytics Insight

MLPA offers exposure to midstream MLPs in a C-corporation ETF. Its structure—like that of all MLP ETPs—matters greatly. C-corporations pay taxes at the fund level unlike most ETFs. MLPA's issuer is required to include deferred tax expenses in the expense ratio, so the resulting headline fee can be quite high after a prolonged period of gains. However, C-corps retain the underlying MLPs’ tax deferred treatment of most distributions.The fund's index narrows in on midstream MLPs exclusively—entities focused on transportation, storage and processing. Note: MLPA switched indexes on March 30, 2015 from the Solactive MLP Composite Index to the Solactive MLP Infrastructure Index. The old Composite index contained some of the same names but was broader in scope, including exploration and production (upstream) and refining and marketing (downstream).

MLPA MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of May 23, 2019 the Global X MLP ETF MSCI ESG Fund Quality Score is 1.41 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. MLPA ranks in the 1st percentile within its peer group and in the 0th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

MLPA Factset Analytics Block Liquidity

This measurement shows how easy it is to trade a $1 million USD block of MLPA. MLPA is rated a 5 out of 5.

MLPA Tradability

Avg. Daily Share Volume
797,809

Average Daily $ Volume
$7.05M

Median Daily Share Volume
607,662

Median Daily Volume ($)
$5.41M

Average Spread (%)
0.11%

Average Spread ($)
$0.01

Median Premium / Discount (12 Mo)
0.00%

Max. Premium / Discount (12 Mo)
0.62% / -0.47%

Impediment to Creations
None

Market Hours Overlap
100.00%

Creation Unit Size (Shares)
50,000

Creation Unit/Day (45 Day Average)
12.15

Creation Unit Cost (%)
0.06%

Underlying Volume / Unit
0.07%

Open Interest on ETF Options
76

Net Asset Value (Yesterday)
$8.76

ETF.com Implied Liquidity
5

MLPA Sector/Industry Breakdown

MLPA

Segment Benchmark

Oil & Gas Related Equipment and Services

86.24%

81.93%

Oil & Gas

8.78%

6.39%

MLPA TOP 10 HOLDINGS[View All]

Enterprise Products Partners L.P.
10.18%

Energy Transfer, L.P.
8.93%

Magellan Midstream Partners, L.P.
8.52%

Plains All American Pipeline, L.P.
7.03%

Buckeye Partners, L.P.
6.10%

MPLX LP
5.60%

EQM Midstream Partners LP
5.07%

Shell Midstream Partners LP
5.02%

Andeavor Logistics LP
4.87%

DCP Midstream LP
4.82%

Total Top 10 Weighting
66.14%

MLPA Countries

MLPA

Segment Benchmark

United States

100.00%

100.00%

MLPA Regions

MLPA

Segment Benchmark

North America

100.00%

100.00%

MLPA Economic Development

MLPA

Segment Benchmark

Developed Countries

100.00%

100.00%

MLPA Performance Statistics

Goodness of Fit (R2)
0.99

Beta
1.03

Up Beta
1.05

Down Beta
1.05

Downside Standard Deviation
0.15%

Segment Benchmark
Alerian MLP

MLPA MSCI ESG Ratings

MSCI ESG Quality Score
1.41 / 10

Peer Group Percentile Rank
0.68

Global Percentile Rank
0.50

SRI Screening Criteria Exposure
--

Exposure to Sustainable Impact Solutions
0.63%

Weighted Average Carbon Intensity (t CO2e/$M Sales)
415.15

MLPA BENCHMARK COMPARISON HOLDINGS

MLPA Number of Holdings
21

Benchmark Constituents
35

Shared Holdings
19

Shared Holdings Weight
75.22%

MLPA BENCHMARK COMPARISON SUMMARY

MLPA

Segment Benchmark

Number of Holdings

21

35

Weighted Average Market Cap

$18.24B

$19.14B

Price / Earnings Ratio

19.77

17.72

Price / Book Ratio

1.86

2.12

Dividend Yield

7.82%

7.70%

Concentration

High

High

MLPA BENCHMARK COMPARISON MARKET CAP SIZE

MLPA

Segment Benchmark

Large (>12.9B)

46.51%

56.50%

Mid (>2.7B)

45.64%

33.80%

Small (>600M)

7.86%

8.26%

Micro (<600M)

0.00%

1.44%

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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.